Insights of experts

Temporary “Tax Amnesty” until 1 July 2019

Whether you’re a medium-sized dynamic business or a multinational company, tax is a key part of organisation. Ambitious organisations need to consider their tax affairs carefully to gain trust and stay ahead of their competitors. Across our global organisation of more than 130 member firms, our people work towards a common goal – setting Grant Thornton apart from the crowd through rigour and technical excellence.

In the beginning of the year, several tax changes were introduced in Estonia, Latvia and Lithuania. Some of the changes will become effective in 2019. In addition we shall highlight tax rates applicable in the Baltics as of 2019.

Tax Reform in 2019

Social contribution changes from the 1st of July, 2018, applicable when employee is paid less than minimum monthly wage

Be informed, that changed procedures of daily allowance and other business travel expense compensation will come into force from the 1st of July, 2018 (in accordance with Government decree No. 523 as of 28/06/2017).

Approved final decision - from 2018 1st of January Minimum monthly wage is raised by 20 € - from 380 € to 400 €